350MW PV Project in Vietnam
LOC NINH, Vietnam, March 1, 2021 /PRNewswire/ — Sungrow, a leading inverter solution supplier for renewables, announced the commencement of commercial operations at a 350 MW solar farm – the largest solar plant to date in Southeast Asia, using the Company’s 1500V 6.25 MW turnkey inverter solution in Vietnam’s Loc Ninh County, Binh Phuoc Province. The plant will help boost Vietnam’s development towards sustainable and decarbonized economic growth.
It is understood the plant will generate more than 700 GWh of solar electricity per year, enough to power 370,000 households with a fixed tariff of $0.0709 per kWh – providing revenue of US$49,630,000 per year.
Sungrow supplied the updated 6.25 MW turnkey solution, which integrates central inverters, and a medium-voltage transformer in a 40-ft container, minimizing the cost of transportation and O&M.
Vietnam is one of the fastest growing renewable energy markets in the world, particularly when seen alongside overall economic growth.
It is reported that the country will face severe power shortages from 2021, onwards when electricity demand outpaces construction on new capacity.
Sungrow said of the project “(A)lthough it had its unique challenges, 2020 was a highly successful year for Sungrow Vietnam. Our local presence in the Vietnam market for more than three years helps us resonate with our customers and their unique needs. Our target for 2021 is to grow our market share in the utility-scale and get a stronger foothold in the rooftop segment.”
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